Capital Region foreclosures edge up

RealtyTrac, the California firm that keeps tabs on distressed properties, today reported that the number foreclosure filings in the Capital Region rose during the first quarter.

Foreclosure filings were received by 310 area property owners during the three-month period, an eight percent increase from the same period last year.That’s also a 3.3 percent increase from the fourth quarter of 2009.

Still, the region’s overall foreclosure rate remains relatively low. In fact, with just one foreclosure filing for every 1,230 properties, the Capital Region ranked 197th out of the 206 metro areas included in the report.

Las Vegas had the highest foreclosure rate, while the Utica-Rome area had the lowest.